Robert Hoberman Contributed to IR Global’s Jurisdictional Guide to Opening a Foreign Bank Account

Posted on May 6th, by Hoberman & Lesser in Firm News & Events, Timely Articles.

Robert Hoberman, Managing Partner of Hoberman & Lesser, contributed to “A Jurisdictional Guide to Opening a Foreign Bank Account,” published by IR Global. As companies expand their operations into different jurisdictions, they will need to set up local bank accounts, but how difficult is it? IR Global members explain all in this comprehensive guide. 

Robert’s contribution answers:

  • What is the general risk appetite of banks in your jurisdiction, and how does that affect setting up a new business bank account?
  • What are the procedures for opening an account for businesses in different jurisdictions?
  • How is the procedure different for personal accounts?
  • Should expatriates set up with local banks, or keep their salaries offshore?
  • How accommodating are banks for opening a business and personal bank account?
  • What are banks’ vetting procedures?
  • What documents need to be provided?

To read Robert’s responses, please view or download the guide here and navigate to page 18.

IR Global Accounting and Corporate Services experts aim to lead the industry and are at the forefront of the continually developing legislation in their respective jurisdictions. The group’s success can be attributed to its emphasis on cost-effective solutions, personal service, and seamless communication when acting on client requirements spanning multiple jurisdictions. For these reasons, IR members are becoming the ‘go-to’ global alternative for businesses requiring international support.